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Chi-X Quick Off The Blocks

Nov 16, 2011 9:25 pm EDT

By Geoffrey Rogow

Bloomberg

If the first two weeks are any indication, Chi-X is going to be quite the competitor in Australia.

After opening with a soft launch of just 22 brokers and eight securities on Oct. 31, the first real rival to the ASX has expanded in recent days, with its modest trading book already showing meaningful volume.